Zip 84097 (Orem, UT) Housing

The housing market in Orem, UT (84097) is currently strong and shows signs of healthy growth. The median value for a house in this area is $510,500, which is significantly higher than the US median of $338,100. Within the last year, the value of houses in Orem has appreciated by 8.44%, higher than the national average of 8.27%. This suggests that investing in property in Orem could be a smart move for potential homebuyers looking to make a profit or gain equity over time.

The median home cost in Orem (zip 84097) is $510,500. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Orem (zip 84097) is up 16.3%.

Average Age of Homes

- The median age of Orem (zip 84097) real estate is 38 years old

The Rental Market in Orem (zip 84097)

- Renters make up 21.1% of the Orem (zip 84097) population
- 1.7% of houses and apartments in Orem (zip 84097), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Orem, Utah	United States
	7,132.0	139,647,020.0
	39	42
	$510,500	$338,100
	16.3%	16.6%
	83.0%	57.0%
	157.2%	101.1%
	$4.75	$10.98
	$1,815	$2,690
	69.9%	57.4%
	6.0%	11.2%
	24.1%	31.4%
Vacant Housing
	1.7%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.7%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.5%	2.4%
	0.3%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.3%	11.3%
	2.8%	13.0%
	21.6%	20.1%
	29.5%	13.6%
	20.1%	8.3%
	18.2%	9.7%
	3.3%	3.9%
	1.7%	2.2%
	0.4%	0.8%
	0.8%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.1%	13.6%
	11.1%	13.6%
	14.7%	13.6%
	15.9%	13.2%
	23.0%	14.8%
	14.7%	13.6%
	8.8%	10.0%
	2.4%	4.7%
	1.2%	12.2%

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